Loading ...NUGT 15…
OK, I am getting more aggressive with day trading until we get more resolution.
This is what I will be eyeing on Monday.
NUGT 15 has formed a descending triangle which usually is a continuation pattern–which is down…
I do appreciate RTV’s chart earlier today, but let’s face it, the weekly is bearish per the momentum indicators.
We are trying to catch a “falling knife”, but it does keep the day interesting. Below this “line in the sand” I will be getting more aggressive with DUST. I did catch the IHS on DUST a few days ago–but now we are in a consolidation period waiting for the next move.
Just random thoughts, you guys/gals have made for a pleasant trading week. Thank you and have a great weekend.
ADDED: Bulkowski states this formation is bearish 64% of the time…so, not quite as bearish as I initially thought…
$TNX has gotten legs, not sure how much further it has to run, UUP’s daily is bullish and FXY is bearish.
All bearish for miners.
Employment Situation Friday is the big tickle. If it comes in strong then PM space is likely to fall more.
Have a good weekend too!